2. Borrow money against future production....which is the common usage of the term printing money

3. Counterfeit money....basically outright printing against no production or obligation against future production.....and this is illegal/immoral as there is no production backing the money and the money is really not much more than a piece of paper where the world really has no desire to accept it in exchange for their production

Every country that has ever travelled down this path has caused material suffering upon their populations.

Why QE2 is so dangerous...

In QE1 it was supposed to be an emergency measure that was reluctantly accepted around the world....but with QE2, the gloves are off as any perception of an emergency is behind us and we are simply counterfeiting so we can consume....

Money must be backed by production or else it is simply a piece of paper.... the money replaces the barter by making exchanges more efficient but fair as the market dictates what will be accepted by the money.....

and when you become a counterfeiter, and the world knows it......the world starts to push back as you become a fair trade violater........and the game becomes very dangerous as fewer and fewer will accept your currency.

At some point, the only way to have others exchange their production for your paper is to force them by threat or actual violence.....and the problem kicks in if they threat or exercise violence back.....

At this point, I am not sure how this will play out....Ireland is being forced to take some draconian measures in exchange for a loan....we on the other hand are simply counterfeiting......

The question now is when will be required to use force to compel others to exchange their production for our paper........or will our paper soon simply become worthless?

If you look at our economy, we simply consume massively and produce relatively little....and much of what we do produce is for our own consumption paid for by counterfeit money printed by our government/FED.....

Over the past ten years....the bankers have leveraged up America and financed our consumption while taking much of our production and outsourced it overseas. To add insult to injury, most of our banker financed global publicly traded company cash is parked outside America as well.

America really has very few avenues to generate hard currency for its population outside of borrowing...couple that with the bankers cutting off credit to the private sector............government borrowing/counterfeiting and spending is becoming the only game in town.....

we now all work in this massive Ponzi Scheme that wide open for everyone to see making the housing bubble seem minor....and Bernanke is blowing the bubble to levels Madoff could have only dreamed about right before our eyes...

As a result of evaporating revenues and tax receipts, our key product is debt and counterfeit money sloshing around paying each other.....without the debt and counterfeit money, we really don't have much of an economy.

pretty soon, unless we address the issue, no one will accept our currency as trust will break down rapidly...and the price for nearly everything we pay for will spiral out of reach of all but those with access to international currency.

Once trust is lost in our currency....we are in very deep trouble as a nation....with very few options left.

Money is also useful to provide a unit of account, although that use of money is not pertinent to your argument.

In any case, those are the Ec 101 textbook Chapter 1 stories about money. There is another story that I like about money. Some guy asked Jesus Christ, "Hey, do I have to pay my taxes?" Jesus said "Show me the money" and inspected the guy's coin.

The coin had the head of Caesar on it. Therefore, Jesus advised the guy, "Render unto Caesar what is Caesar's."

Take a look at your dollar bill. Does it have alstry's head on it? No, no it does not. Therefore it's really not your place to say what is done with the currency, whether it is debased, confiscated from you, or otherwise managed in a way not to your liking.

You can shout about this all you like - and indeed I see you do - but you are wasting your energy. You are not in control of what happens to the US Dollar. You are in control of your own skills and talents; you choose what you can do and what you can produce. Real value - if you can create it - will survive any economic upheaval.

Constant carping complaint, on the other hand, no matter how entertaining you find it, will simply blow away on the winds of change.

Take a look at your dollar bill. Does it have alstry's head on it? No, no it does not. Therefore it's really not your place to say what is done with the currency, whether it is debased, confiscated from you, or otherwise managed in a way not to your liking.

Interestnig logic.......not consistent with the laws of our nation...but provides great insight into the nature of sheep.